Pioneer 2013 Annual Report Download - page 38

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6. Investment Property
In November 2008, the ASBJ issued ASBJ Statement
No. 20, “Accounting Standard for Investment Property
and Related Disclosures” and ASBJ Guidance No. 23,
“Guidance on Accounting Standard for Investment
Property and Related Disclosures.”
In 2013, the Group holds certain idle properties in
Shizuoka and other areas in Japan. Impairment loss on
those properties for the year ended March 31, 2013,
was ¥45 million ($479 thousand).
In 2012, the Group holds certain idle properties in
Shizuoka and other areas in Japan. Net loss on sales
and impairment loss on those rental properties for the
year ended March 31, 2012, were ¥80 million, and ¥502
million, respectively.
The carrying amounts, changes in such balances and market prices of such properties as of March 31, 2013 and
2012 were as follows:
Millions of Yen
Carrying Amount Fair Value
April 1, 2012 Increase/Decrease March 31, 2013 March 31, 2013
Idle property ¥5,444 ¥(184) ¥5,260 ¥15,395
Total ¥5,444 ¥(184) ¥5,260 ¥15,395
Millions of Yen
Carrying Amount Fair Value
April 1, 2011 Increase/Decrease March 31, 2012 March 31, 2012
Idle property ¥8,175 ¥(2,731) ¥5,444 ¥15,888
Total ¥8,175 ¥(2,731) ¥5,444 ¥15,888
Thousands of U.S. Dollars
Carrying Amount Fair Value
April 1, 2012 Increase/Decrease March 31, 2013 March 31, 2013
Idle property $57,915 $(1,958) $55,957 $163,777
Total $57,915 $(1,958) $55,957 $163,777
Notes: 1. Carrying amount reported in the consolidated balance sheet is net of accumulated depreciation and accumulated
impairment losses, if any.
2. Decrease during the fiscal years ended March 31, 2013 and 2012, principally represents the sales of investment property.
3. Fair value is principally based on the values provided by third party real estate appraisers.
Short-term borrowings as of March 31, 2013 and 2012, consisted of the following:
7. Short-term Borrowings and Long-term Debt
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Short-term borrowings:
Weighted-average interest rate of 2.90% at March 31, 2013,
and 3.60% at March 31, 2012
Collateralized ¥11,400 ¥1,400 $121,276
Uncollateralized 9,135 7,652 97,181
Total ¥20,535 ¥9,052 $218,457
Pioneer Corporation Annual Report 2013
36